DO YOU EVER CLOSE / STOP YOUR AUTO SYSTEMS?

• 01/17/2017 at 12:29 PM #21434
  GraHal

  Hello Fellow Traders

  Do you ever close / stop your  Auto Systems (Algos)? If Yes, under what circumstances?

  I do, not often but if I can see the ‘instrument turning’ and the Algo (especially if its several Algos) showing a healthy profit then I stop them. I hate seeing a good profit reduce significatly or worse still turn to a loss!

  Also if my Algos have been through a ‘bad patch’ and stopping a few profitable Algos will get me back on track and restore the balance then I will do it. I find it is good for my mind … keeps my psychological trading profile positive.

  Does it mean I don’t trust my Algos?

  Does it mean I prefer manual trading?

  Shoud I leave the Algos running else what is the point of Algos?

  Any / all comments appreciated.

  Cheers
  GraHal

  

  GraHal

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  01/17/2017 at 3:15 PM #21469
  Wing

  I let my systems run, unless either of these happen:

  1. Market conditions change or can change dramatically because of huge fundamental news.
  2. I discover a bug in my system.
  3. The system goes into a critical drawdown, the size of which I have specified beforehand.

  If I feel the need to stop a system because of some reason, it can be because I am emotionally invested into it and not thinking rationally. Or it can because of some market/performance condition (which I can actually program into my system in the first place). For these reasons I avoid interrupting systems. When I used too much leverage I would do that and it resulted in losses. With my current risk I don’t feel the need to interfere.

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  GraHal

  

  Wing

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